If you think a 12% annual return on your money is good, here's the first time insider secret on HOW TO set your sights on 23% from your mortgage.

Repaying your credit debt is not always manageable, although acquiring credit in the past few years has become quite simple. The recent decline in the economy has made it so that credit is not so easily obtained anymore, but many are still stuck with huge debts they may never be able to pay off. It has become common for people previously regarded as outstanding credit risks, to acquire a poor credit rating through demerits earned with late payments and other issues. One way to overcome a part of this debt is to secure a bad credit home equity loan.
Lenen doorlopend krediet explains how the Dutch solve this.

If you have equity built up in your home, you might be able to get a loan against that equity, if you’ve had your mortgage for a long time and paid a lot of money on it. This loan can go to home repair, or even managing riskier loans and credit ard balances, getting you back on track. Using the equity in the home is one way to pay off credit card debt that keeps spiraling up and up with late payments, charges and fees, and an inability to even make the minimum required payment anymore.

Home equity is considered to be one of the most secure forms of collateral one can put up to get a loan because banks know that homeowners do not want to lose their property and will work doubly hard to ensure that payments are made on time so that they do not end up homeless.

Your bank might require you to acquire credit counseling before they will grant you a bad credit home equity loan. By doing this, you will be taught ways to manage your money so you become a less risky borrower.

These counseling sessions will teach individuals how to establish a budget that suits them, and customize attainable goals for stopping debt from continuing to pile up and getting existing credit repaid.

After counseling, even an individual with poor credit should be able to get a bank home equity loan and use it to  make property improvements or begin to get out from under those high interest loans, and eventually reduce interest rates to a manageable mark.

The process for getting a bad credit home equity loan is somewhat more onerous than it has been in the past. Banks are now finding that they need to exercise more caution when granting loans. The nation can not afford another massive bank failure like that which happened recently to Washington Mutual and others. Banks have to have some assurance that they will be paid back when they loan money.

Fortunately, few would be willing to, even if they could afford to, give up their home and be forced to pay rent. Rental rates in today’s economy tend to be higher than most individual’s  mortgage loan payments. This is an overwhelming factor in the banks’ willingness to grant a loan based on homeowner’s equity.

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